A form of Musharakah, developed in the near past, is the ‘Diminishing Musharakah.’ According to this concept, a financier and his client participate either in the joint ownership of property or equipment, or in a joint commercial enterprise. The share of…
Islamic Home Finance
Islamic Home Financing Islamic Home Financing at a minimum involves 2 contracts that are usually an Ijarah Wa Iktana (Islamic leasing) and diminishing Musharakah (reducing partnership). This structure involves 2 steps: 1) An Individual and an Islamic Financial Institution enter…
Warren Buffet's Wisdom on Hiring, integrity
Warren Buffet’s Wisdom on Hiring, integrity.
Introduction to Islamic Finance
Background Roots of the Islamic Finance system goes back through time to the profit and loss sharing principles in the Code of Hammurabi in the 18th century BCE. The most important differentiator between Islamic Finance and conventional finance is the…